business cycle - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “business cycle”

business cycle

noun [C]
 
 
( also economic cycle, also trade cycle)
ECONOMICS, FINANCE a period during which a country's economy goes from growth to recession (= a time when business conditions are bad) and back to growth: The typical business cycle is three to five years. We hope to maintain a budget surplus right through the present downturn in the business cycle.
(Definition of business cycle from the Cambridge Business English Dictionary © Cambridge University Press)
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